Intermap will now enable UP42 users to address a variety of previously intractable use cases, including high-resolution microwave link planning and power flux density (PFD) loss modeling for satellite link stations. Intermap's tools are source-agnostic and can be deployed to analyze any variety or combination of 3D datasets.
Intermap's collaboration with UP42 helps to bring the benefits of 3D elevation data and analytics to a broader audience of non-expert users across numerous verticals, including agriculture, public infrastructure, orbital space, insurance, transportation, oil and gas, real estate and maritime.
UP42, a startup owned by Airbus AG and an alumnus of BCG Digital Ventures, is a developer platform and marketplace for accessing, building and integrating geospatial products to inform business decisions and build scalable solutions. The platform empowers users to create solutions in many areas, including infrastructure management, geological mapping, forestry, subsidence monitoring, construction planning, resource conservation, land cover classification and contour generation. This one-stop shop enables non-geospatial experts to access and analyze data in one place, without the need for specialized knowledge or tools.
As Intermap continues to make the world simple for non-expert geospatial users, the UP42 partnership brings Intermap solutions to a global and growing customer base.
"We are excited to add Intermap's geospatial analytics to the UP42 platform. Our customers need data and analysis for their use cases, including monitoring of vital infrastructure projects such as pipelines, powerlines, bridges and railway corridors," said UP42 CEO Sean Wiid. "Being able to process high-quality 3D data unlocks the real value of the data and it is critical in every phase of infrastructure management, from construction planning to ongoing monitoring of vegetation encroachment."
"Intermap is the world leader in building source-agnostic 3D geospatial datasets and then creating the necessary algorithms and software applications to integrate all sources and make 3D information available to non-experts, quickly and effectively," said Patrick A. Blott, Intermap's Chairman and CEO. "The integration of our next-generation geospatial analytics on the UP42 platform is a new way to partner with Airbus and together enable potential users for 3D analytics and software that lie outside the reach of Intermap's direct sales force. We remain committed to and excited by this growing collaboration with UP42."
Intermap Reader Advisory
Certain information provided in this news release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast", "will be", "will consider", "intends" and similar expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, nature of government contracts, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap's Annual Information Form and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
About UP42
UP42 is changing the way geospatial data is accessed and analyzed. The platform and marketplace bring together multiple sources of data such as satellite imagery, weather data, and more—together with algorithms to identify objects, detect change, and find patterns. Industry leaders use UP42 to inform business decisions and build scalable customer solutions. Know when and where to fertilize crops. Measure air quality and map emissions. Count cars, trucks, planes, and ships. Developers and data scientists across all industries now have access to a platform to build, run, and scale projects in one place. Visit www.up42.com.
About Intermap Technologies
Founded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP; OTCQX: ITMSF) is a global leader in geospatial intelligence solutions. The Company's proprietary 3D NEXTMap® elevation datasets and value-added geospatial collection, processing, analytics, fusion and orthorectification software and solutions are utilized across a range of industries that rely on accurate, high-resolution elevation data. Intermap helps governments build authoritative geospatial datasets and provides solutions for base mapping, transportation, environmental monitoring, topographic mapping, disaster mitigation, smart city integration, public safety and defense. The Company's commercial applications include aviation and UAV flight planning, flood and wildfire insurance, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit www.intermap.com.
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SOURCE Intermap Technologies Corporation
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